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129th MAINE LEGISLATURE |
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LD 440 |
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LR 1518(05) |
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An Act To Continue
the Doctors for Maine's Future Scholarship Program |
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Fiscal Note for
Senate Amendment " " to Original Bill |
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Sponsor: Sen. Breen of Cumberland |
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Fiscal Note Required: Yes |
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Fiscal Note |
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FY 2019-20 |
FY 2020-21 |
Projections FY 2021-22 |
Projections FY 2022-23 |
Net Cost
(Savings) |
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General Fund |
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($800,000) |
($800,000) |
($800,000) |
($800,000) |
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Appropriations/Allocations |
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General Fund |
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($400,000) |
($400,000) |
($800,000) |
($800,000) |
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Transfers |
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General Fund |
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$400,000 |
$400,000 |
$0 |
$0 |
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Other Special Revenue Funds |
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($400,000) |
($400,000) |
$0 |
$0 |
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Fiscal Detail
and Notes |
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This amendment
eliminates the General Fund cost of the bill by 1) reducing the General Fund
appropriations to the Doctors for Maine's Future Scholarship Fund by $400,000
in each year of the 2020-2021 biennium, 2) specifying that the funding is for
the 2020-2021 biennium only, and 3) requiring the State Controller to
transfer $400,000 in both fiscal years 2019-20 and 2020-21 from available
balances in Other Special Revenue Funds accounts within the Department of
Professional and Financial Regulation to the General Fund unappropriated
surplus on or before June 30th of each fiscal year. |
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As amended, this
bill includes one-time General Fund appropriations of $400,000 per year in
fiscal years 2019-20 and 2020-21 only to the Doctors for Maine's Future
Scholarship Fund within the Finance Authority of Maine. |
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